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1600 S Jackson St 5,294 SF 100% Leased Office Building Seattle, WA 98144 $3,500,000 ($661.13/SF)
INVESTMENT HIGHLIGHTS
- Site is primed for redevelopment and benefits from the pedestrian designation.
- Located towards the top of the hill to the east, this site will provide expansive views in all direction from the upper floors of any new development.
- Located within an “Opportunity Zone” which is designed to provide tax incentives to investors.
EXECUTIVE SUMMARY
ORION Commercial Partners is excited to offer for sale a unique redevelopment opportunity
at the northeast corner of 16th Ave S and South Jackson Street in Seattle, WA. This 3 parcel
assemblage has been home to the Seafood Products Association for many years. The 13,612
square foot site is currently developed as a 2-story 8,000 square foot office building originally
built in 1926.
Zoned NC3P-55, the site is primed for redevelopment and benefits from the pedestrian
designation which encourages an intensely pedestrian-oriented retail shopping district where
non-auto modes of transportation, both within the district, are strongly favored. Additionally, the
property is located within an “Opportunity Zone” which is designed to provide tax incentives
to investors.
at the northeast corner of 16th Ave S and South Jackson Street in Seattle, WA. This 3 parcel
assemblage has been home to the Seafood Products Association for many years. The 13,612
square foot site is currently developed as a 2-story 8,000 square foot office building originally
built in 1926.
Zoned NC3P-55, the site is primed for redevelopment and benefits from the pedestrian
designation which encourages an intensely pedestrian-oriented retail shopping district where
non-auto modes of transportation, both within the district, are strongly favored. Additionally, the
property is located within an “Opportunity Zone” which is designed to provide tax incentives
to investors.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
5,294 SF
Building Class
C
Year Built/Renovated
1926/1955
Price
$3,500,000
Price Per SF
$661.13
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,008 SF
Slab To Slab
11’
Building FAR
0.39
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
NC3P-55 (M) - Larger pedestrian-oriented shopping districts that provide a wide range of goods and services to the surrounding neighborhood and a larger community.
Parking
8 Spaces (1.51 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $650,900 | |
| Land Assessment | $2,722,400 | Total Assessment | $3,373,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,722,400
Improvements Assessment
$650,900
Total Assessment
$3,373,300
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